Latin America Depth Filtration Market to grow with a Growth Rate of 12.9% during 2016 to 2021
Latin America Depth Filtration Market was
worth USD 0.18 billion in 2016 and is projected to grow at a CAGR of 12.9%, to
reach USD 0.33 billion by 2021. Filtration includes reduction or removal of
particles in the fluid passed over the filter media such as suspended solids,
silt, sand any other solid particles present in the fluid. Depth filtration is
a type of process which provides very efficient filtering process. However,
proper selection of filter media is important to obtain the desired benefits.
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Market data tables and in-depth TOC of the Latin America Depth Filtration
Market to 2021 @ https://www.marketdataforecast.com/market-reports/latin-america-depth-filtration-market-3683/
A depth filter generally consists of 3-5
layers of filter media varying in size, porosity and density. The different
layers of filter media filter the incoming fluid by retaining the solid
particles throughout the depth of the medium allowing the filtration to take place
at high velocities compared to the traditional surface filters.
The need for techniques or technologies to
reduce the approval time and manufacturing process time of drugs and increase
in investments for research activities in life sciences are the major factors
driving the depth filtration market. Advancements in the technologies in
process industry is also expected to propel the market growth. Inflexible
government guidelines and absence of scalability in the equipment are
inhibiting the growth rate of the market.
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The Latin America depth
filtration market is segmented by media type, product, application and region.
Based on the media type used in the filter, the market is segmented into
Diatomaceous Earth, Activated Carbon, Cellulose and Perlite. Based on the
product, the market is segmented into Cartridge filters, Capsule Filters,
Filter modules, Filter sheets and other products. Capsule filters segment is
projected to be fastest growing segment due to its increasing applications in
biotechnology industry. On the basis of application, the market is segmented
into Final Product Processing, Cell clarification and Raw Material Filtration.
The final product processing segment is sub segmented into small molecules
processing and biologics processing. Raw material filtration is projected to
hold the largest market share as depth filtration is highly useful in large
volumes filtration.
On the basis of region,
Latin America depth filtration market is segmented into Brazil, Argentina,
Mexico and rest of South America. Availability of huge work force and increase
in demand for quality products in emerging markets such as Brazil and Mexico
provides huge opportunities for manufacturers of depth filters in this region.
The major players in depth
filtration market are Pall Corporation, Merck KGaA, 3M Company, Alfa Laval,
Filtteck Co., Ltd., Donaldson Company, Ahlstrom Corporation, Sartorius Stedim
Biotech S.A. and Eaton Corporation
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